Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Austal continues to build on strong US footprint

austal usns spearhead
Image via Austal.

Austal's American presence is on the up, with the ASX-listed shipbuilder acquiring an aluminium non-destructive testing technology company.

Austal's American presence is on the up, with the ASX-listed shipbuilder acquiring an aluminium non-destructive testing technology company.

ElectraWatch, which boasts the US Navy as its biggest client, will be acquired by Austal for US$6.75 million. ElectraWatch has developed and deployed a unique portable system for the nondestructive testing of aluminium used in demanding environments and in this case, predominantly for aluminium ships.

Advertisement
Advertisement

The US Navy is the primary customer for the technology, with the system forming part of a monitoring environment for a variety of vessels.

The acquisition is a win for Austal which is the largest manufacturer of aluminium ships for defence and commercial sectors in the world.

Austal CEO David Singleton said the acquisition is in line with company's plans to embrace advanced technology.

"The acquisition reflects Austal’s commitment to having the most advanced technology utilised in every element of our shipbuilding enterprise. Combining ElectraWatch’s patented technology with Austal’s advanced ship design, manufacturing and sustainment expertise will reinforce the company’s position as the industry leader in advanced aluminium shipbuilding," Singleton said.

"In particular this acquisition will effectively support and increase our range of services for the shipbuilding and sustainment requirements of our key customer, the United States Navy."

PROMOTED CONTENT

ElectraWatch, which is based in Virginia, is expected to have a CY18 revenue of US$2-3 million.

 

Austal continues to build on strong US footprint
Austal-USNS-Spearhead.jpg
lawyersweekly logo

more from defence connect

Jun 18 2021
Australian soldiers join war fighting exercise in the US
Army soldiers from Brisbane’s 7th Combat Brigade have joined partner forces from the US Army, British Army and Canadian Army fo...
Jun 18 2021
Commonwealth delivers Guardian Class vessel to Kiribati
The island nation has received the Austal-built patrol boat at a formal ceremony on Friday. ...
Jun 18 2021
Raytheon Australia funds veterans scholarship program
The defence prime has partnered with the university to support the academic endeavours of former ADF personnel. ...